RBI puts Yes Bank under moratorium, Update: Services to be resume on 18th March 2020

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Yes Bank just posted a tweet…I’m sharing here…

“You can now make withdrawals using your YES BANK Debit Card both at YES BANK and other bank ATMs. Thanks for your patience.
@RBI @FinMinIndia”

Tweet link :
https://twitter.com/x/status/1236349470402441216
Source


I am not sure if this will work or not but I will travel to my nearest ICICI & HDFC atms tomorrow just to check...
 
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Call Yes Bank CC @1800 1200 & ask them if you can transfer the loan to another bank...
 
3rd party ATMs working…Well kinda…I tried ICICI, HDFC & a Govt Bank ATM few minutes back…Nothing…The amounts were getting debited from the account & were instantly getting credited back to the account & no dispensing of the cash from the ATMs…Last ATM I tried is an Axis ATM where it worked seamlessly…So, you may have to try atleast 4-5 ATMs to get it or if you are unlucky maybe you still won’t get it…But it doesn’t hurt to try…

Here is the proof…I have a basic Titanium Debit card with daily withdrawal limit of only 30K…I didn’t go for higher variant debit cards from Yes Bank because I mostly use credit cards for online transactions so paying high annual fee for a debit card was not worth for me…So, I could withdraw 30K just now from Axis ATM…I will go tomorrow directly to this ATM for the remaining allowed 20k…

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IndusInd bank shares are falling steep.
Now, what is happening there !!!😵
 
ET NOW @ETNOWlive : Time to bring normalcy to the bank. Will declare quarterly results on March 14. Expect moratorium on YES Bank to be lifted by this week, says Prashant Kumar, @YESBANK Administrator....

This is a good news if Prashant Kumar can achieve it... :)

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ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank...

"Hours after the Cabinet approved reconstruction scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue. While the SBI had earlier announced its decision to purchase 49 per cent shares, both ICICI Bank and HDFC are set to invest Rs 1000 crore each with Axis Bank pouring Rs 600 crore to pick up 60 crore shares of the troubled lender and Kotak Mahindra infusing an equity capital of Rs 500 crore under the RBI's bailout plan."

Source : ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
 
sushruta said:
ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank...

"Hours after the Cabinet approved reconstruction scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue. While the SBI had earlier announced its decision to purchase 49 per cent shares, both ICICI Bank and HDFC are set to invest Rs 1000 crore each with Axis Bank pouring Rs 600 crore to pick up 60 crore shares of the troubled lender and Kotak Mahindra infusing an equity capital of Rs 500 crore under the RBI's bailout plan."

Source : ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
Click to expand...
All Top 4 private banks joining sbi:ouch:
Let's hope it will be beneficial..
 
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